Deal Digest: April 4, 2008

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Honeywell plans to expand its safety business by buying the maker of personal protective equipment, such as respirators, helmets, protective gloves and shoes for firefighters and industrial workers. The company's 2007 revenue was about $609 million.

China Investment Corp. and JC Flowers & Co. LLC
Meanwhile, CIC and JC Flowers have reportedly teamed up on a $4 billion private equity fund targeting U.S. financial services investments. CIC, China's $200 billion sovereign wealth fund, will put up nearly 80% of contributions and become a limited partner, according to a Reuters report citing a source briefed on the deal.

Goldman Sachs Capital Partners-Myers Industries Inc.
And finally, Goldman Sachs Capital Partners has decided to walk away from its $790 million buyout of rubber and plastics maker Myers Industries Inc. Myers shares fell 9.6% to $12.30 in early trading on the New York Stock Exchange on Friday after the Akron, Ohio-based company issued a statement saying that the Goldman private equity arm was scrapping the deal they had reached in July.

Stay tuned to TheDeal.com for updates to these stories and more.

-  The editors

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